Non-RE energy reserves shrink

By The Manila Times

Nov 25, 2022 12:14 am

THE country's commercially viable non-renewable energy reserves — coal, oil, natural gas and condensate in particular — shrank last year but still mostly grew in terms of value, the Philippine Statistics Authority (PSA) said on Thursday.

Class A coal, oil, natural gas and condensate reserves were said to be worth P241.99 billion in 2021, up 68.4 percent from the previous year's P143.67 billion, the PSA said in a statement. It did not explain the reason for the substantial increase.

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